Tax harmonization

G20 countries agree on need to tax the super-rich — but later – POLITICO

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G20 countries agree on need to tax the super-rich — but later – POLITICO

“With full respect to tax sovereignty, we will seek to engage cooperatively to ensure that ultra-high-net-worth individuals are effectively taxed,” ministers wrote in a separate declaration on international tax cooperation, also seen by POLITICO. Brazilian Finance Minister Fernando Haddad welcomed what he called an “historic” agreement. Brazil has previously floated the idea of a global … Read more

Hurry up and tax Google, Apple, EU urges the world

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Hurry up and tax Google, Apple, EU urges the world

EU finance ministers will call on G20 countries to finalize global corporate tax reforms that would hit international companies such as U.S. tech giants Google, Amazon and Apple, according to a document obtained by POLITICO. The EU’s “Terms of Reference,” drawn up by national treasury officials, will serve as the basis of the bloc’s negotiating … Read more